Overview of Guarantees
Guarantee Review Situation
Jiangsu Baichuan High-tech New Materials Co., Ltd. (hereinafter referred to as "the Company") approved the proposal regarding the estimated guarantee limit within the consolidated scope at the 11th meeting of the 7th Board of Directors held on April 27, 2026, and at the 2025 Annual Shareholders' Meeting held on May 19, 2026. To meet the funding needs for daily production operations and business development of the parent and subsidiaries within the consolidated scope, the parent and subsidiaries plan to apply for financing from relevant financial institutions within the next twelve months, with a total guarantee limit not exceeding 650 million yuan. The validity period of the guarantee limit is 12 months from the date of approval by the 2025 Annual Shareholders' Meeting, and the guarantee limit can be used in a revolving manner within the validity period. For specific details, please refer to the announcement titled "Announcement on the Estimated Guarantee Limit within the Consolidated Scope" published by the Company on April 29, 2026, on the "Giant Tide Information Network" (http://www.cninfo.com.cn), "Securities Times," and "China Securities Journal" (Announcement No. 2026-044).
Guarantee Progress Situation
To meet the production and working capital turnover needs of subsidiaries, authorized by the shareholders' meeting, the Company and its subsidiaries within the consolidated scope have signed agreements such as the "Current Capital Loan Contract" with relevant institutions. For specific details, please refer to Attachment 1 "Guarantee Situation Table."
Basic Information of the Guaranteed Party
For basic information of the guaranteed party, please refer to Attachment 1 "Guarantee Situation Table" and Attachment 2 "Financial Situation of the Guaranteed Party."
Main Content of the Guarantee Agreement
The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions. For the main content of the guarantee agreement, please refer to Attachment 1 "Guarantee Situation Table."
Cumulative External Guarantee Amount and Overdue Guarantees
As of the announcement date, the total actual guarantee balance among the parent and subsidiaries is 507.66 million yuan, accounting for 283.44% of the Company's latest audited net assets. As of the announcement date, there are no overdue guarantees or litigation-related guarantees, and the Company has not incurred losses due to being judged against guarantees.
Directory of Documents for Reference
- "Current Capital Loan Contract" signed by the Company, Ningxia Baichuan New Materials Co., Ltd., and the Shizuishan Bank Co., Ltd. Ningdong Branch.
This announcement is hereby made.
Jiangsu Baichuan High-tech New Materials Co., Ltd. Board of Directors
June 6, 2026
Attachment 1: Guarantee Situation Table
| No | Guaranteed Party | Establishment Date | Registration Location | Legal Representative | Registered Capital | Business Scope | Guarantor | Creditor | Guarantee Amount (10,000 yuan) | Guarantee Method and Relationship with Guarantor | Guarantee Period |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ningxia Baichuan New Materials Co., Ltd. (hereinafter referred to as "Ningxia Baichuan New Materials") | July 24, 2018 | Ningdong Energy Chemical Base Coal Chemical Park | Cao Shengping | 3,500,000 | Production of hazardous chemicals; operation of hazardous chemicals; storage of hazardous chemicals. (Projects that require approval according to law can only be operated after approval by relevant departments; specific business projects are subject to approval documents or permits from relevant departments.) General projects: Production of chemical products (excluding licensed chemical products); sales of chemical products (excluding licensed chemical products); manufacturing of specialized chemical products (excluding hazardous chemicals); sales of specialized chemical products (excluding hazardous chemicals); manufacturing of daily chemical products; manufacturing of basic chemical raw materials (excluding manufacturing of hazardous che |